Responsible for managing the local accounting function and acting as liaison for local statutory, government and aviation authority, fulfilling all reporting requirements and ensuring compliance. Provide timely, effective and comprehensive communication to the Management Team regarding compliance, the status of all reporting, any potential issues and proposed solutions.
Responsible for managing the local banking relationship and all local treasury processes, primarily the timely repatriation of funds.
To provide high quality management information and month end reporting with concise and meaningful commentary to explain variances and highlight key issues.
To supervise the payable process, ensuring adherence to procurement and expense policies, overseeing the timely flow of invoices and payments whilst maximising cash-flow.
Responsible for accurate reporting of costs in the P&L and the AP related balance sheet reconciliations.
To supervise the receivables processes, including sales and bank reconciliations, Responsible for the timely and accurate reconciliation of AR related balance sheet accounts.
To assist the Manager to deliver quality annual budgets and forecasts and ensure that an appropriate level of improvement and challenge is built into the plans.
Ensure timely and accurate calculation and remittance of all taxes, including but not limited to: WHT, VAT, Expat Tax, NG Tax, TE Security Tax
Maintain solid relationship between local Finance and statutory bodies including but not limited to: IATA, FIRS, Lagos State and the external auditors
Oversee reconciliation of bank accounts
Prepare data for repatriation of funds
Weekly meetings with banking partners
Deliver monthly cost centre reports with in depth variance analysis, highlight issues & suggestions for corrective action
Manage accruals and prepayments
Review supplier contracts for tender with budget holder
Recommend supplier consolidation where possible
Maintain comprehensive local contract database
Supervise the core payables function
Ensure timely and accurate capture of supplier invoices
Ensure invoices are reconciled to supplier statement and Oracle before payments are made
Authorise supplier payments for input into online banking
Review payables related balance sheet reconciliations
Reconcile deposits paid and maintain annual confirmation
Supervise the core receivables function:
Accurate reconciliation of daily sales to bank
Robust and effective Credit Control
Review receivables related balance sheet reconciliations
Work with the budget holders to prepare annual budget and forecast for all local expenditure, including all headcount, overheads and marketing costs
Provide variance analysis between budget submissions and prior year spend or local targets
Ensure sufficient and appropriate challenge is built into the budget and provide suggestions to increase financial control
Create short and long term objectives and maintain frequent reviews, adjusting and updating accordingly
Implement plan with the team to drive improvement in the payables processes, reviews and controls.
Strong communication and negotiation skills
Excellent analysis capability, proven in a commercial environment
Excellent attention to detail, with strong reconciliation skills
Ability to operate under pressure and tight deadlines
Positive and pragmatic approach to achieving results
Enthusiastic and resilient personality and the ability to self-motivate
Qualifications and Experience
Qualified and minimum of 7-10 years financial and management accounting experience
Experience of managing and motivating a team
Experience of handling external suppliers and service providers
Excellent commercial acumen and good business knowledge
Experience of financial systems – preferably Oracle
Intermediate – Advanced level Excel skills.